Scion begins acquiring real estate as a land banking partner to DePaul University, with its first acquisition a single-family home adjacent to the DePaul campus. Scion also begins managing student housing when, in partnership with DePaul, it converts a 119-room extended-stay hotel on downtown Chicago’s Michigan Avenue into DePaul’s first housing outside its Lincoln Park campus. The management office in the building also serves as Scion’s headquarters.
